Automotive Hall of Fame has been established way back in 1939. Since then over 250 individuals have been inducted. The honour is reserved for those individuals who have had a positive impact in the automotive industry.

Along with Ratan Tata, former Ferrari Chairman Luca di Montezemolo was inducted into Automotive Hall of Fame. Elwood Haynes, co-founder of Haynes-Apperson Automobile Co. was also inducted with Roger Penske, Founder and Chairman of Penske Corporation.

Tata Nano was the brainchild of Ratan Tata, he wanted to make four-wheelers more accessible to Indians. The Nano currently is one of the most affordable vehicles and its latest iteration is the best so far.